CarGurus (CARG) Research & Development (2016 - 2026)
CarGurus (CARG) posted quarterly Research & Development of $37.7 million for Q1 2026, down 54.98% year-over-year from $83.7 million in Q1 2025, and down 53.18% quarter-over-quarter from $80.5 million in Q4 2025.
CarGurus (CARG) Research & Development (2016 - 2026) Analysis & Trends
CarGurus' Research & Development history runs 11 years deep, the most recent figure standing at $37.7 million for Q1 2026.
- In Q1 2026, Research & Development fell 54.98% year-over-year to $37.7 million; the TTM figure through Mar 2026 stood at $238.8 million (down 9.25% YoY), while the FY2025 annual figure was $340.9 million, up 10.88% from the prior year.
- Research & Development for Q1 2026 stood at $37.7 million, down from $80.5 million in the prior quarter.
- The five-year high for Research & Development was $168.4 million in Q4 2023, with the low at -$142.7 million in Q4 2022.
- The 5-year median for Research & Development is $77.8 million (2023), against an average of $57.2 million.
- Peak annual rise in Research & Development reached 246.02% in 2022, while the deepest fall reached 259.24% in 2022.
- CarGurus' Research & Development stood at -$142.7 million in 2022, then soared by 217.98% to $168.4 million in 2023, then slumped by 63.4% to $61.6 million in 2024, then surged by 30.52% to $80.5 million in 2025, then slumped by 53.18% to $37.7 million in 2026.
- Business Quant data shows CARG's Research & Development at $37.7 million in Q1 2026, $80.5 million in Q4 2025, and $36.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 78.40 Bn | 78.40 Bn | - | 52.00 |
| 2 | Carvana | 51.67 Bn | 48.92 Bn | 1.38 Bn | - |
| 3 | Penske Automotive | 14.26 Bn | 14.19 Bn | 1.36 Bn | - |
| 4 | Lithia Motors | 8.55 Bn | 8.19 Bn | 1.50 Bn | - |
| 5 | Carmax | 8.32 Bn | 7.72 Bn | 854.41 Mn | - |
| 6 | Autonation | 7.01 Bn | 6.95 Bn | 1.23 Bn | - |
| 7 | Rush Enterprises Inc \Tx\ | 6.32 Bn | 6.05 Bn | 361.67 Mn | - |
| 8 | Autozi Internet Technology (Global) | 6.24 Bn | 6.05 Bn | - | - |
| 9 | Valvoline | 4.22 Bn | 4.14 Bn | 214.90 Mn | - |
| 10 | CarGurus | 3.29 Bn | 3.17 Bn | 231.10 Mn | 97.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 97.64 Mn |
| Mar 31, 2026 | 37.67 Mn |
| Dec 31, 2025 | 80.45 Mn |
| Sep 30, 2025 | 36.32 Mn |
| Jun 30, 2025 | 84.34 Mn |
| Mar 31, 2025 | 83.67 Mn |
| Dec 31, 2024 | 61.64 Mn |
| Sep 30, 2024 | 81.22 Mn |
| Jun 30, 2024 | 36.58 Mn |
| Mar 31, 2024 | 82.27 Mn |
| Dec 31, 2023 | 168.40 Mn |
| Sep 30, 2023 | 35.43 Mn |
| Jun 30, 2023 | 77.84 Mn |
| Mar 31, 2023 | 36.61 Mn |
| Dec 31, 2022 | -142.74 Mn |
| Sep 30, 2022 | 30.21 Mn |
| Jun 30, 2022 | 95.61 Mn |
| Mar 31, 2022 | 87.58 Mn |
| Dec 31, 2021 | 89.64 Mn |
| Sep 30, 2021 | 66.63 Mn |